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Wednesday, 11 August 21
U.S: EIA EXPECTS COAL EXPORTS TO TOTAL 90 MMST IN 2021, 30% INCREASE FROM 2020
EIACoal production in EIA's forecast totals 607 million short tons (MMst) in 2021, an increase of 13% over 2020. 
 
EIA is also expects electric sector consumption of coal to be 33 MMst greater than supply in 2021, contributing to significant inventory draws. In 2022, EIA is also expects coal production to decline by 7 MMst (1%). 
 
Commenting on coal consumption for electricity generation, EIA expects coal consumption for electricity generation to grow by 75 MMst (17%) in 2021 as a result of relatively high natural gas prices that make coal more competitive for dispatch in the electric power sector. Forecast electric power sector demand for coal then falls by 47 MMst (9%) in 2022. EIA is also expects demand for coal for other uses to rise by 5 MMst (13%) in 2021 and by 3 MMst (7%) in 2022. This increase is mostly for coking coal, which is used in steelmaking.
 
EIA expects coal exports to total 90 MMst in 2021, a 21 MMst (30%) increase from 2020. In 2022, forecast coal exports rise an additional 16 MMst to 106 MMst. High global steel prices are driving these increases in coal exports, and trade tensions between China and Australia continue to support U.S. thermal coal exports. 


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